Category Archives: Central Banking

Please enjoy my recent appearance on the Jim Flannery live stream. Herein we discuss what is the State, law, regulation, taxation, can we control the State, regulatory capture, Net Neutrality will never work, the economics of Internet Service Providers, ISPs are providing a service like any other business, the inherent scarcity of bandwidth and data transmission and more!

A lack of consideration for the future is what distinguishes Keynesian economics. Spend, consume, and become indebted because the day of reckoning and the pain of reality can always be pushed to future generations to deal with. Kenyesians are like children in that they do not consider the conservation of scarce resources and consume into indebtedness even when funds are no longer available.

This is in striking contrast to most businesses that must obey Economic law. Such businesses cannot continue to operate at a loss without immense suffering. The painful reality eventually reveals all unsustainable practices.

We do not know the desires and needs of individuals. Only those individuals can make that choice for themselves. This is reflected in one buying gift cards or giving money as a gift rather than giving a specific item. Another example is hurricane/natural disaster victims needing money or else ask them what they specifically need. Another example is sending free shoes to Africa rather than advocating for their freedom to work and start businesses as they so choose so they can lift themselves out of poverty. Yet another example is fighting for less working hours and more vacation time via union activity in 3rd world countries without adequately understanding human action.

Humans are not mathematical equations. They are sentient beings with free will. They must be respected as such. One cannot assume to know what another sentient human being considers valuable or prioritizes. That is committing the fundamental folly of the violent ruler who rules by force and coercion.

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